In fact, many people have the wrong purpose from the start; the end goal of investing is not to earn multiples, nor is it to get rich quickly, but to have a stable cash flow.

The true purpose of investment, I believe, is to allow you to continuously earn income without selling your assets.

That is the wealth that @naval speaks of, the wealth you gain while you sleep!

This path is actually quite clear:

1️⃣ First, use your job or business to save up the initial capital,

2️⃣ Use "money you can afford to lose" to validate your trading logic,

3️⃣ Spend a few years honing a long-term profitable system,

4️⃣ Let growth/dividends/interest/cash flow start coming in steadily each year,

5️⃣ When your annual income can cover living costs, you have achieved the most basic level of freedom.

This process may involve making mistakes and continuous trial and error, but staying alive is crucial; that's why Buffett always emphasizes the importance of capital, as capital means future opportunities.

Most people get stuck before step 2 for their entire lives, a few die at step 3, and those who reach step 4 are already survivors in this market.

Like this picture, most of the time we are groping and moving through the fog, but if we maintain our direction and become friends with time, when the fog finally clears, it will become bright and clear.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。